Author Topic: Good unemployment numbers this morning (Read 657 times)

SOB · « **Reply #15 on:** February 06, 2004, 01:26:42 PM »

LOL "good unemployment numbers"

FUNKED1 · « **Reply #16 on:** February 06, 2004, 01:36:48 PM »

Put in perspective (compared to historical figures and figures in other countries), our unemployment rate is extremely low. I don't think a minor rise or drop is anything to get too excited about.

2stony · « **Reply #17 on:** February 06, 2004, 03:34:59 PM »

I'm still not voting for Bush no matter how good the economy gets.

Mickey1992 · « **Reply #18 on:** February 06, 2004, 03:39:55 PM »

From an article about Home Depot hiring older workers....

"At a briefing in Washington, D.C., to announce the program, U.S. Labor Secretary Elaine Chao said: "All demographic data indicate that our country will face a shortage of workers in the next two decades."

Shortage of workers? Today's unemployment rate is below 6% and there are still more than 8 million out of work. How can they predict an upcoming shortage of workers?

Ripsnort · « **Reply #19 on:** February 06, 2004, 06:34:46 PM »

Cook books? Guys, they gather these numbers the same way, doesn't matter what pres is in office.

Time to put the tinfoil hats back on.

Quote

The Labor Department reported the unemployment rate fell 0.1 percent to 5.6 percent last month to its lowest level since October 2001. The economy created 112,000 new jobs in January, and while analysts and economists had been expecting a higher number, the report was enough to motivate buyers who had been dormant for more than two weeks.

"It's a Goldilocks report _ not too hot and not too cold," said Hugh Johnson, chief investment officer at First Albany Corp. "When you have interest rates declining and stock prices rising, like we do today, you get a great return on a balanced portfolio."

The Dow Jones industrial average surged 97.48, or 0.9 percent, to finish at 10,593.03, ending the week up 104.96, or 1.0 percent, after two weeks of selling.

Like I said, not astounding but not bad either.

ra · « **Reply #20 on:** February 06, 2004, 07:17:59 PM »

Quote

...said Hugh Johnson...

heh heh. "Hugh Johnson".

lazs2 · « **Reply #21 on:** February 07, 2004, 10:41:15 AM »

most low paying jobs do hire older retired people because they show up for work and have good work ethics compared to the younger minimum wage workers.

lazs